Plynthe Insurance will operate as an independent personal brokerage in Peristyle Gardens. The company provides insurance advice, policy types, and selections from every insurance provider on the market. Kolem Plynthe is a newly licensed agent in insurance. The business will start as a home-based venture and grow over time to include an office where Plynthe and associate agents can collaborate. Plynthe has a track record of success as a professional salesperson, which is a great advantage for his future in the insurance business.
Plynthe Insurance has the potential to be a lucrative business that will provide salary and dividends in return for Kolem Plynthe as its sole owner. Plynthe’s income and salary will grow steadily but moderately. Plynthe can launch the business without borrowing or external investment. The only thing that is required to fund it is her savings and personal borrowings. Plynthe Insurance will need a long-term loan to finance the expansion of an office. This loan must be taken out during its second year.
Objectives
Plynthe Insurance will judge its success on meeting the following objectives:
- Rapidly increase revenue in your first year.
- In the second year, rent an office and add an additional insurance agent.
- The company’s third year of operation saw its revenues double and it made a good net profit.
Mission
The mission of Plynthe Insurance is to create a more protected community by offering property, casualty, and life insurance to residents of Peristyle Gardens from a wide range of insurance sources.
Keys to Success
Plynthe Insurance will adhere to these principles in order to reach its goals:
- You can remain independent from any affiliate ties to specific insurance companies
- For all the possible risks in their lives, it is important to think holistically about each client’s needs
- Reputation of caring, fairness, empathy, expertise